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Answers (12)
- dungiven
- Contributions:34
best tool ever:
http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html#
rent increase = house price increase = inflation (2% is fed's long term goal)
http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html#
rent increase = house price increase = inflation (2% is fed's long term goal)
- sunnyview
- Contributions:25115
Pat honey. I sold my primary residence just prior to the peak in my market and rented through the worst part of my local bubble for about 50% of the amount of my new buyers mortgage payment. I think slamming people who rent is really inappropriate since you really don't know them.
- Lady Chattel
- Contributions:3110
Pat (aka douche bag REA of the day) represents the worst that agents have to offer. If you live in a suburb of Washington DC this is the best freaking time to rent, cause housing is still way overpriced and not in sync with incomes.
Oh how I wish Pat could see my financials to make such a tarded remark. Please go back to the hole unto which you crawled out of!!!
Harrison: Pat's comments deserve a good a$$ whipping.......
Oh how I wish Pat could see my financials to make such a tarded remark. Please go back to the hole unto which you crawled out of!!!
Harrison: Pat's comments deserve a good a$$ whipping.......
- Francesco Mazzaferro, "FrancescoM"
- Contributions:805
Depends on your local market, its definitely the best time to negotiate and buy.
- BMFPitt
- Contributions:1207
Financially? The 2004-2006 timeframe was probably best, as anyone who bought in that timefram can tell you.
If you factor in the ability to laugh about how your rent doesn't even cover your landlord's mortgage payments as your bank account gets fatter from the difference in rent vs. buy, then now is probably the best.
If you factor in the ability to laugh about how your rent doesn't even cover your landlord's mortgage payments as your bank account gets fatter from the difference in rent vs. buy, then now is probably the best.
- sunnyview
- Contributions:25115
It really depends on your local area. If prices are still falling, inventory is still going up and employment is soft, yes renting is better. I think that people interested in buying should be monitoring their local market closely and positioning themselves to buy. That way when they see something that makes sense to them, they can make the jump.
- HomeSand.net, "White Picture"
- Contributions:4386
Best or not best, we still need 40% of american to be the renters, otherwise we don't know what to do with our rental properties.
- Randy_H
- Contributions:4385
if you have to. Or can't get a bank loan.
Or if you don't even need a bank loan, or a family loan, or an IMF loan, or a TARP loan, or a "loan" from Vinny -- because you could just buy with cash.
That is, if you value that cash and don't feel like p*ssing it away into the bank account of some lucky fool.
Or if you don't even need a bank loan, or a family loan, or an IMF loan, or a TARP loan, or a "loan" from Vinny -- because you could just buy with cash.
That is, if you value that cash and don't feel like p*ssing it away into the bank account of some lucky fool.
- Pat Bourgo, "Pat Bourgo"
- Contributions:1051
if you have to. Or can't get a bank loan.
in most cities, for most people, probably.
In a severely beaten down area, with prices under rental prices, and if you know you are staying for several years, buying might be the better choice.
In a severely beaten down area, with prices under rental prices, and if you know you are staying for several years, buying might be the better choice.
- Harrison Painter, "HarrisonPainter"
- Contributions:258
I love how people jump all over the negative posts, but leave the positive ones alone! LOL
- dfors2
- Contributions:175
Renting is always a good option to consider. It depends on your situation. If I rented my whole life until now I would be a whole lot richer right now. In time, I might break even rent vs own. Things must be real tough there Harrison.
Is now the best time to rent?
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- 0.0/5.0
- (no reviews)
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